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As the deal is structured now, someone buying Biogen shares would get a very small merger premium.
FORBES
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In return for accepting junior status in the merger, he obtained a big premium for Chrysler shareholders.
ECONOMIST: The DaimlerChrysler emulsion
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He blanched when Lewis paid a 40% premium for Fleet, yet stayed onboard and was gratified that the merger worked out so well.
FORBES: Magazine Article